Bitcoin Gold / Dollar may rise to 32.05 - 32.63

Our pivot point stands at 30.02.

Our preference

Rebound towards 32.63.

Alternative scenario

Below 30.02, expect 29.06 and 28.48.

Comment

The RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 31.13 and 31.89).

Supports and resistances

33.79 **

33.21 *

32.63 **

32.05

30.84 last

30.40

30.02 **

29.06 *

28.48 **

Number of asterisks represents the strength of support and resistance levels.